Denison Mine Corp (NYSEAMERICAN:DNN – Get Free Report) (TSE:DML) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $2.20 and last traded at $2.2150, with a volume of 3,090,243 shares changing hands. The stock had previously closed at $2.33.
Analyst Upgrades and Downgrades
DNN has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on Denison Mine in a research report on Thursday, September 3rd. They set a “buy” rating on the stock. Royal Bank Of Canada began coverage on Denison Mine in a research report on Monday, July 13th. They issued an “outperform” rating for the company. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Denison Mine has a consensus rating of “Moderate Buy” and an average price target of $5.38.
Denison Mine Stock Up 9.3%
The company’s 50 day moving average price is $2.99 and its two-hundred day moving average price is $3.22. The company has a debt-to-equity ratio of 2.38, a quick ratio of 9.14 and a current ratio of 9.41.
Institutional Trading of Denison Mine
A number of institutional investors have recently modified their holdings of DNN. NewEdge Wealth LLC grew its position in shares of Denison Mine by 33.3% in the 1st quarter. NewEdge Wealth LLC now owns 20,000 shares of the basic materials company’s stock worth $71,000 after buying an additional 5,000 shares during the last quarter. NewEdge Advisors LLC lifted its position in Denison Mine by 70.7% during the second quarter. NewEdge Advisors LLC now owns 15,367 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 6,363 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Denison Mine by 79.4% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 16,278 shares of the basic materials company’s stock valued at $43,000 after acquiring an additional 7,202 shares during the last quarter. Kelleher Financial Advisors purchased a new stake in Denison Mine during the second quarter valued at approximately $27,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Denison Mine in the second quarter valued at approximately $28,000. 36.74% of the stock is currently owned by institutional investors.
About Denison Mine
Denison Mines Corp. is a uranium exploration, development and production company focused primarily on the Athabasca Basin in northern Saskatchewan, Canada. The company’s activities include the acquisition, evaluation and advancement of uranium mineral properties, with an emphasis on projects that could support future uranium production.
Denison’s flagship asset is the Wheeler River project, which includes the Phoenix and Gryphon uranium deposits. Phoenix is being advanced as an in-situ recovery project, while Gryphon is being evaluated as an underground mining operation.
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